In June, FOB prices for bulk ordinary Portland cement declined month on month in the Persian Gulf and Arabian Sea region, whereas prices for prompt deliveries of bulk ordinary grade clinker also contracted.
In the same period, East African CFR prices for bagged cement recorded a slight decrease when compared to May.
As noted by Ana Almeida, Analyst with CW Group’s European team: "In June, cement exporters in Persian Gulf-Arabian Sea are recording a contraction in prices. The seasonal dull activity from Ramadan is bringing prices down."
CW Research’s June update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest news in the region’s trading situation.
The monthly report also includes details about shipping indices for dry bulk tendency and its reasons, as well as the latest trend in the bunker oil futures.
CW Research’s leading role in the global cement and clinker sector forms the underpinning for the monthly price assessment. Price points are based on the analyst team’s on-going discussions with cement traders, producers, exporters and other stakeholders in the business and reflect a synthesis of actual traded cargos.
To discuss further how CW Research can assist you in evaluating market opportunities or challenges, please do not hesitate to contact our research team on email: [email protected]